Broker - Owner - DB
762 Main Street, South Portland , ME 04106
Office: 207-253-1500 x 202
Copyright Regency Realty Group LLC 2014
Foreclosures are as abundant as ever and if you are in the market for a fixer for upper/distressed properties, then bank owned properties might be the way to go, but you need to know that banks don’t play by the same rules as other sellers. Bank owned properties, (a home that has been foreclosed and purchased back by the bank) will usually come with an addendum that are 5 to 10 pages long and have many stipulations attched them. A solid 45 minute conversation about the in and outs of foreclosures is recommended if you want to be a buyer of this type of property.
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